Shares of Under Armour Inc (NYSE:UA) ended Friday session in red amid volatile trading. The shares closed down -0.99 points or -2.52% at $38.36 with 3.30 million shares getting traded. Post opening the session at $39.10, the shares hit an intraday low of $38.35 and an intraday high of $39.33 and the price vacillated in this range throughout the day. The company has a market cap of $15.56 billion and the numbers of outstanding shares have been calculated to be 183.39 million shares.
On Aug. 30, 2016 Under Armour Inc (UA) Maryland Governor Larry Hogan, Maryland Secretary of Commerce Mike Gill, Baltimore County Executive Kevin Kamenetz and Tradepoint Development Executive Vice President Eric Gilbert announced the company’s plan to open a 1.3 million square-foot distribution and warehouse facility at Sparrows Point in Baltimore County, as part of the Tradepoint Atlantic redevelopment project. This will be Under Armour’s fourth distribution facility in the United States and the second in the surrounding area of the company’s headquarters in Baltimore, Maryland. The other Maryland facility is located in Curtis Bay and will continue to operate in addition to its Rialto, California and Mount Juliet, Tennessee distribution houses. The establishment of the Sparrows Point distribution house, which is expected to open in the summer of 2018, is a collaboration with state and local officials to employ approximately 1,000 employees in the Baltimore area once the facility is operating at its full capacity. The facility will feature state-of-the-art equipment and systems to enhance Under Armour’s product distribution to its expanding consumer base through its e-commerce business.
“We take great pride in collaborating with Governor Hogan, Secretary Gill, Baltimore County Executive Kamenetz, Tradepoint Atlantic and the many other state and local officials who share our commitment to create economic and job opportunities for the greater Baltimore community and Maryland as a whole,” said Under Armour Founder and CEO Kevin Plank. “The new Distribution House will be a top-notch service engine for our e-commerce business to deliver the right product, to the right place at the right time to our growing consumer base and athletes around the world.”
Shares of Gentex Corporation (NASDAQ:GNTX) ended Friday session in red amid volatile trading. The shares closed down -0.62 points or -3.53% at $16.96 with 3.23 million shares getting traded. Post opening the session at $17.41, the shares hit an intraday low of $16.89 and an intraday high of $17.41 and the price vacillated in this range throughout the day. The company has a market cap of $4.78 billion and the numbers of outstanding shares have been calculated to be 286.79 million shares.
Gentex Corporation (GNTX) on Aug 31, 2016 announced that its Board of Directors recently declared a quarterly cash dividend of $0.09 (9 cents) per share that will be payable October 19, 2016, to shareholders of record of the common stock at the close of business on October 7, 2016.